Richardson v. Akin

Assumpsit was brought by appellants, against appellee, as a stockholder in “The Illinois Steam Forge Company,” a corporation organized under the corporation law of 1857. The appellee became a stockholder in that incorporation to the amount of twenty-five shares of stock, of $100 each, which he fully paid up in 1869. The indebtedness which is sued for was incurred by the corporation in 1873, in the months of October and November.

On motion of appellee the court below dismissed the suit for want of jurisdiction; and this ruling is assigned for error.

The question is, has a court of law…